One of Australia’s most successful high-rise architecture firms has opened an office in Sydney to service the multi-residential development boom in New South Wales and the Australian Capital Territory.
Rothelowman opened an office in Queensland three years ago, at the end of that state’s extended property slump and the Brisbane office already generates 25% of the company’s income.
Rothelowman recently won approval for a $30 million mixed-use, multi-residential development in Burwood and expects approval for several other major projects in the coming months.
Mr Lowman is confident Sydney will grow even more rapidly after an extended period of slow growth. A longer-than-usual, post-Olympics and post-GFC property slump in Sydney, along with immigration and population growth, “have led to pent-up demand for multi-residential development in Sydney,” Mr Lowman says.
It is expected that the Sydney office will generate 30 to 40% of the firm’s revenue in less than three years. Currently employing over 100 people and with the expectation to add a further 30 people to its NSW/ACT operation over the next 24 months.
Highly-respected Sydney architect Ben Pomroy is the newly appointed Principal of Rothelowman in NSW and the ACT. Mr Pomroy says that the long term trend of housing construction delivery of 18,000 dwellings per annum in NSW, is consistently falling short of baseline demand of 22-25,000 dwellings per annum. This difference is exacerbated by continuing population growth in the Sydney region, and as a result, greater growth in Multi-unit residential development across all areas, in particular Sydney’s Western and southern suburbs, will be inevitable
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